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The central bank announced on Wednesday that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday.Timeline of monetary moves since 2010
China's inflation expected to stabilize in H2

The Chinese are coming - with cash and credit cards in hand.

The monthly personal income tax threshold will be raised to 3,500 yuan ($540) from 2,000 yuan, providing a bonus to wage earners with a larger than expected tax cut.

Local governments had an overall debt of 10.7 trillion yuan ($1.65 trillion) by the end of 2010, said China's top auditor on Monday in a report to the National People's Congress.

When Liu Shuwei wrote a post on her micro blog to help a remote village sell walnuts and raise money to build a road before they're harvested in October, she didn't expect all the produce to be snapped up within one month.

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Biz Unusual

Qing palace sale attracts State companies' interest

A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.

New deal for commercial flights over the Great Wall

Old train tickets and the memory of yesteryear

'Hometowns' battle to claim their celebrities

Equestrian enthusiasts advocate riding horses to work

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